The Icelandic National Broadcasting Service, RÚV, reported on the proceedings of the Baugur case yesterday.
According to RÚV, Jón H. Snorrason, the head of the National Police’s Economic Crimes division who serves as prosecutor in the Baugur case, says no deal was made with Jón Gerald Sullenberger, the former business partner of Baugur and its CEO Jón Ásgeir Jóhannesson who filed charges against Baugur with the police 2002.
Defence counsel has repeatedly asserted that Jón Gerald confessed to illegal activities during his deposition, says RUV.
Yesterday, the main proceedings of the trial took place, involving 8 out of 40 charges originally filed.
Four charges pertain Baugur’s accounts during the period 1998-2001, the other four relate to alleged fraud in connection with importing cars to Iceland.
All six defendants appeared in court, four from Baugur and two KPMG auditors. Several police officers who participated in the investigation also testified.
The main proceedings will continue today at the District Court of Reykjavík.